KB Home Lowers FY22 Guidance Amid Middle East Conflict and Housing Market Uncertainty.

KB Home has cut its fiscal-year guidance due to challenging housing market conditions, with concerns around the Middle East conflict adding uncertainty for potential buyers. The company now expects housing revenues of $4.80 billion to $5.50 billion and full-year deliveries of 10,000 to 11,500 homes, compared to previous forecasts of $5.1 billion to $6.1 billion and 11,000 to 12,500 homes.